اصلاح مالیاتی پایتخت چین در یک اقتصاد باز

This paper analyzes the effects of China's upcoming capital tax reform of switching from a dual tax system to a unified system. A decrease in the tax rate on domestic capital has no effect on the domestic interest rate, capital–labor ratio, or output–labor ratio; however, it leads to an increase in domestic capital, a decrease in foreign capital, and an increase in the trade surplus. An increase in the tax rate on foreign capital increases the domestic interest rate and decreases the capital–labor ratio, the output–labor ratio, and domestic capital; it may also decrease foreign capital and the trade surplus. Journal of Comparative Economics32 (1) (2004) 128–147.